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Finance

Company News

Nissan Auto Receivables 2023-A Owner Trust

04/19/2024 | Press release | Distributed by Public on 04/19/2024 11:35

Asset-Backed Issuer Distribution Report - Form 10-D

Nissan Auto Receivables 2023-A Owner Trust

Servicer's Certificate

Collection Period

31-Mar-24

30/360 Days

Collection Period Start

1-Mar-24

Distribution Date

15-Apr-24

Actual/360 Days

Collection Period End

31-Mar-24

Prior Month Settlement Date

15-Mar-24

Current Month Settlement Date

15-Apr-24


	Coupon Rate			Initial Balance			Beginning Balance		Ending Balance		Pool Factor
Pool Balance			1,460,472,153.77				972,033,994.14			931,744,813.04			0.715580
Yield Supplement Overcollaterization			158,388,819.56				87,311,902.12			82,068,664.15
Total Adjusted Pool Balance			1,302,083,334.21				884,722,092.02			849,676,148.89
Total Adjusted Securities			1,302,083,334.21				884,722,092.02			849,676,148.89			0.652551
Class A-1 Notes		5.42400	%			300,000,000.00			0.00			0.00		0.000000
Class A-2a Notes		5.34000	%			227,500,000.00			168,495,176.58			150,875,393.02		0.663189
Class A-2b Notes		5.96864	%			225,000,000.00			166,643,581.23			149,217,421.66		0.663189
Class A-3 Notes		4.91000	%			402,500,000.00			402,500,000.00			402,500,000.00		1.000000
Class A-4 Notes		4.85000	%			95,000,000.00			95,000,000.00			95,000,000.00		1.000000
Certificates		0.00000	%			52,083,334.21			52,083,334.21			52,083,334.21		1.000000

	Principal Payment			Interest Payment			Principal per $1000 Face Amount		Interest per $1000 Face Amount
Class A-1 Notes		0.00				0.00			-			-
Class A-2a Notes		17,619,783.56				749,803.54			77.4495981			3.2958397
Class A-2b Notes		17,426,159.57				856,491.72			77.4495981			3.8066299
Class A-3 Notes		0.00				1,646,895.83			-			4.0916667
Class A-4 Notes		0.00				383,958.33			-			4.0416666
Certificates		0.00				0.00			-			-

Total Securities		35,045,943.13				3,637,149.42


I. COLLECTIONS

Interest:
Interest Collections					2,590,179.15
Repurchased Loan Proceeds Related to Interest				0.00

Total Interest Collections					2,590,179.15
Principal:
Principal Collections					39,845,241.90
Repurchased Loan Proceeds Related to Principal				0.00

Total Principal Collections					39,845,241.90
Recoveries of Defaulted Receivables					307,839.75

Total Collections					42,743,260.80


II. COLLATERAL POOL BALANCE DATA

							Number		Amount
Adjusted Pool Balance - Beginning of Period				59,070				884,722,092.02
Total Principal Payment					35,045,943.13

			57,666				849,676,148.89

Nissan Auto Receivables 2023-A Owner Trust

Servicer's Certificate


III. DISTRIBUTIONS

Total Collections			42,743,260.80
Reserve Account Draw			0.00
Total Available for Distribution			42,743,260.80
1. Reimbursement of Advance			0.00
2. Servicing Fee:
Servicing Fee Due			810,028.33
Servicing Fee Paid			810,028.33
Servicing Fee Shortfall			0.00
3. Interest:
Class A-1 Notes Monthly Interest
Class A-1 Notes Interest Carryover Shortfall			0.00
Class A-1 Notes Interest on Interest Carryover Shortfall			0.00
Class A-1 Notes Monthly Interest Distributable Amount			0.00
Class A-1 Notes Monthly Interest Paid			0.00
Change in Class A-1 Notes Interest Carryover Shortfall			0.00
Class A-2a Notes Monthly Interest
Class A-2a Notes Interest Carryover Shortfall			0.00
Class A-2a Notes Interest on Interest Carryover Shortfall			0.00
Class A-2a Notes Monthly Interest Distributable Amount			749,803.54
Class A-2a Notes Monthly Interest Paid			749,803.54
Change in Class A-2a Notes Interest Carryover Shortfall			0.00
Class A-2b Notes Monthly Interest
Class A-2b Notes Interest Carryover Shortfall			0.00
Class A-2b Notes Interest on Interest Carryover Shortfall			0.00
Class A-2b Notes Monthly Interest Distributable Amount			856,491.72
Class A-2b Notes Monthly Interest Paid			856,491.72
Change in Class A-2b Notes Interest Carryover Shortfall			0.00
Class A-3 Notes Monthly Interest
Class A-3 Notes Interest Carryover Shortfall			0.00
Class A-3 Notes Interest on Interest Carryover Shortfall			0.00
Class A-3 Notes Monthly Interest Distributable Amount			1,646,895.83
Class A-3 Notes Monthly Interest Paid			1,646,895.83
Change in Class A-3 Notes Interest Carryover Shortfall			0.00
Class A-4 Notes Monthly Interest
Class A-4 Notes Interest Carryover Shortfall			0.00
Class A-4 Notes Interest on Interest Carryover Shortfall			0.00
Class A-4 Notes Monthly Interest Distributable Amount			383,958.33
Class A-4 Notes Monthly Interest Paid			383,958.33
Change in Class A-4 Notes Interest Carryover Shortfall			0.00

Nissan Auto Receivables 2023-A Owner Trust

Servicer's Certificate


Total Note Monthly Interest
Total Note Monthly Interest Due			3,637,149.42
Total Note Monthly Interest Paid			3,637,149.42
Total Note Interest Carryover Shortfall			0.00
Change in Total Note Interest Carryover Shortfall			0.00
Total Available for Principal Distribution			38,296,083.05
4. Total Monthly Principal Paid on the Notes			35,045,943.13
Total Noteholders' Principal Carryover Shortfall			0.00
Total Noteholders' Principal Distributable Amount			35,045,943.13
Change in Total Noteholders' Principal Carryover Shortfall			0.00
5. Total Monthly Principal Paid on the Certificates			0.00
Total Certificateholders' Principal Carryover Shortfall			0.00
Total Certificateholders' Principal Distributable Amount			0.00
Change in Total Certificateholders' Principal Carryover Shortfall			0.00
Remaining Available Collections			3,250,139.92
Deposit from Remaining Available Collections to fund Reserve Account			0.00
Remaining Available Collections Released to Certificateholder			3,250,139.92

V. RESERVE ACCOUNT

Initial Reserve Account Amount			3,255,208.34
Required Reserve Account Amount			3,255,208.34
Beginning Reserve Account Balance			3,255,208.34
Deposit of Remaining Available Collections			0.00
Ending Reserve Account Balance			3,255,208.34
Required Reserve Account Amount for Next Period			3,255,208.34

VI. POOL STATISTICS

Weighted Average Coupon			3.37	%
Weighted Average Remaining Maturity			42.35

	Amount			Number
Principal on Defaulted Receivables		443,939.20			19
Principal Recoveries of Defaulted Receivables		307,839.75

Monthly Net Losses		136,099.45
Pool Balance at Beginning of Collection Period		972,033,994.14
Net Loss Ratio for Third Preceding Collection Period		0.34	%
Net Loss Ratio for Second Preceding Collection Period		0.32	%
Net Loss Ratio for Preceding Collection Period		0.32	%
Net Loss Ratio for Current Collection Period		0.17	%
Four-Month Average Net Loss Ratio		0.29	%
Cumulative Net Losses for all Periods		2,350,292.27

Nissan Auto Receivables 2023-A Owner Trust

Servicer's Certificate


	Amount			Number		% of Receivables (EOP Balance)
Delinquent Receivables:
31-60 Days Delinquent		5,182,816.89			259		0.56	%
61-90 Days Delinquent		781,787.57			41		0.08	%
91-120 Days Delinquent		161,452.81			11		0.02	%
More than 120 Days		0.00			0		0.00	%

Total 31+ Days Delinquent Receivables:		6,126,057.27			311		0.66	%
61+ Days Delinquencies as Percentage of Receivables (EOP):
Delinquency Ratio for Third Preceding Collection Period		0.10	%		0.09	%
Delinquency Ratio for Second Preceding Collection Period		0.09	%		0.08	%
Delinquency Ratio for Preceding Collection Period		0.09	%		0.08	%
Delinquency Ratio for Current Collection Period		0.10	%		0.09	%
Four-Month Average Delinquency Ratio		0.09	%		0.08	%
60 Day Delinquent Receivables		1,015,410.21
Delinquency Percentage		0.11	%
Delinquency Trigger		4.90	%
Does the Delinquency Percentage exceed the Delinquency Trigger?		No
Principal Balance of Extensions		2,482,038.12
Number of Extensions		105

VII. STATEMENTS TO NOTEHOLDERS

1. Has there been a material change in practices with respect to charge-offs, collection and management of delinquent Receivables, and the effect of any grace period, re-aging,re-structuring, partial payments or other practices on delinquency and loss experience?			NO

2. Have there been any material breaches of representations, warranties or covenants contained in the Receivables?			NO

3. Has there been an issuance of notes or other securities backed by the Receivables?			NO

4. Has there been a material change in the underwriting, origination or acquisition of Receivables?			NO

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